US Government-Linked Wallets Move $470 Million in Seized Crypto
The transfers included about 4,695 BTC, plus WBTC and USDT, with some funds sent to Coinbase Prime deposit addresses.
Wallets linked to the US government moved roughly $470 million in seized cryptocurrency on Oct. 7, including about 4,695 Bitcoin (BTC), WBTC and USDT.
The Bitcoin was divided across four transactions. Some of the assets were transferred to deposit addresses associated with Coinbase Prime, an institutional cryptocurrency trading and custody platform.
The movement followed additional transfers from US government-linked wallets to Coinbase Prime on Oct. 6. The assets are connected to seizure actions involving the Bitfinex hack and FTX and Alameda Research.
The transfers moved a large pool of seized digital assets to new addresses.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.